RIM delays its annual meeting with investors until after the launch of BlackBerry 10

RIM delays its annual meeting with investors until after the launch of BlackBerry 10
Historically, RIM has met with the Wizards of Wall Street during the BlackBerry World conference which will take place in May. This year, with the Canadian manufacturer about to make one of the most important launches in company history, RIM has decided to change things up. Instead of meeting with Wall Street during the BlackBerry World conference, RIM will focus the latter on its customers, developers and its partners and push back its talk with investors.

Speaking with Reuters, RIM spokeswoman Tenille Kennedy said, " "We will hold a separate session targeted at the interests of the investment community later this year, once BlackBerry 10 is launched." BlackBerry 10 is the new OS that was inspired by the QNX software used on the BlackBerry PlayBook tablet. While no precise date for the investor's meeting was given, RIM is expected to release at least one BlackBerry 10 powered smartphone by the end of the year.

Announcing BlackBerry 10

Announcing BlackBerry 10

Last week, RIM said that it is giving away prototypes of the BlackBerry 10 smartphone to developers at the BlackBerry Jam conference in May. These phones are being handed out so that developers can get the hang of writing for the new OS. The final consumer model of the phone is expected to be different from the prototype. Originally RIM was thought to be releasing a number of BlackBerry 10 models at one time, but that has been reduced to one model that at times has been called the BlackBerry London or the BlackBerry Blade.

Wall Street pencil pushers are expecting RIM to announce a poor quarterly report Thursday after Wall Street closes for the day. Expectations are that RIM shipped 11 million BlackBerry units in the period, the low end of analysts' estimates. Others see RIM announcing even weaker results. The company's stock has a 52 week high of $57.85 and is currently trading at $13.60.

source: Reuters

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6 Comments

1. dcgore

Posts: 234; Member since: Feb 24, 2012

Probably because investors would asked for RIM to file for Bankruptcy already.

2. downphoenix

Posts: 3165; Member since: Jun 19, 2010

why would investors want them to declare bankruptcy? That will cause their stock values to drop quick and cause them to lose a lot of money.

6. dcgore

Posts: 234; Member since: Feb 24, 2012

Because there's an ordnance as to corporate debt. In a bankruptcy filing, certain bond holders get priority over others as to who gets paid back their investment. Right now I'm pretty sure it is worth far less in the marketplace so it would be more beneficial for RIM to go bankrupt so the investors will get more more back. Stock holders are last to get paid. That said, given all that's happened with the company and how much the stock has plunged, it would be silly to be long the stock at this point. I believe most investors are short and or are buying a married put to limit their exposure.

4. ChiX017

Posts: 308; Member since: Nov 09, 2011

yup......

3. ironmarc89

Posts: 61; Member since: Jan 22, 2012

Who even has blackberrys anymore. The former "wise" RIM CEO felt like Blackberry didnt need all the extras and will suceed. well.....#Fail, #Fail, and #Fail 3x. They just need to sell the licensing of the enterprise email platform. Thats the only thing going for them. other than that? the OS is lame. it sucks for the Avg person not familiar w/ smart phones. you have to go thru 3 sub menus to get to what youre trying to do. next to no app dev support and below avg hardware consistently. Windows phone has completely rocketed past blackberry on its way to catching up with Android and iOS. They need to do themselves a favor and file for bankruptcy before they lose waaay more money. The demand for Blackberry in the market is next to 0%. Android, iOS, and Windows Phones are destroying you. you wont win. Sell yourself to iOs and Android #TheEnd #FlameON!!

5. slaggyb

Posts: 218; Member since: Oct 19, 2011

Don't ask who even have blackberrys anymore I own a bold 9900 infact am using it to post this comment and this by far the best phome I ever used I had to drop my galaxy s ii to give this phone a one month try and since then i never looked back I had to sell my galaxy s ii on ebay...you don't go about bashing rim,you never used their operating system just because you hear every tech blog saying rim is dead you just follow along with them....am not an application or gaming fellow I use my phone for email web browsing social networking phone calls etc and the 9900 does. The best job out there..so next time before you post things like that think twice..

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